 "Punj Lloyd wins Rs 1,094 cr order from IOC for Haldia refinery project")
Engineering & construction company Punj Lloyd received a lump-sum turnkey contract worth Rs 1,094 crore for the EPCC package 2 at Haldia refinery from Indian Oil Corporation (IOC). The scope of work for the project involves the residual process design, detailed engineering including HAZOP study, engineering, procurement, construction and commissioning of the sulphur block comprising the sulphur refinery unit, amine regeneration unit, the sour water stripper including utilities and offsite facilities, Punj Lloyd said in a release.
Commenting on the IOC's Haldia refinery project, J P Chalasani, managing director & group CEO, Punj Lloyd, said, "For IOC, Punj Lloyd has constructed the sulphur block of the Mathura, Guwahati and Koyali refineries, taking this relationship with IOC as far as 1998. This is a challenging assignment as we need to work in a running refinery."
Haldia project, which falls under Indian Oil's Aishwariya project, aims to upgrade black oil, mainly high sulphur fuel oil to higher value products such as diesel and LPG which will lead to subsequent improvement in gross refinery margins. It will also produce improved quality diesel, conforming to BS-IV specifications as a measure towards environmental protection.
With this new contract, Punj Lloyd group's order backlog stands at Rs 20,978 crore, which includes unexecuted orders on June 30, 2015 and new orders received after that date.
Commenting on the IOC's Haldia refinery project, J P Chalasani, managing director & group CEO, Punj Lloyd, said, "For IOC, Punj Lloyd has constructed the sulphur block of the Mathura, Guwahati and Koyali refineries, taking this relationship with IOC as far as 1998. This is a challenging assignment as we need to work in a running refinery."
Haldia project, which falls under Indian Oil's Aishwariya project, aims to upgrade black oil, mainly high sulphur fuel oil to higher value products such as diesel and LPG which will lead to subsequent improvement in gross refinery margins. It will also produce improved quality diesel, conforming to BS-IV specifications as a measure towards environmental protection.
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At the Haldia refinery, Punj Lloyd has delivered complex refinery units, the MSQ upgradation, hydrogen generation and hydrocracker unit. Haldia refinery is fourth in the chain of the existing seven refineries of IOC in the country.
With this new contract, Punj Lloyd group's order backlog stands at Rs 20,978 crore, which includes unexecuted orders on June 30, 2015 and new orders received after that date.